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Market Review | July 8, 2024
Market Review | July 8, 2024
We are pleased to announce that STARTRADER MyAccount is scheduled for system upgrade starting at 00:00 platform time (GMT+3) on July 6, 2024, and will be completed within the same day.
Trading Hours Adjustment of Cryptocurrency Products
The FOMC minutes highlighted financial strains on low-to-moderate-income households, the Fed's data-dependent approach, and the impact of geopolitical risks. Discussions included immigration's positive impact on the labor force and modest progress toward disinflation. Potential rate cuts were mentioned if the job market deteriorates significantly. This cautious outlook emphasizes balancing inflation control and economic support.
Recent developments include Labour's landslide UK election victory, geopolitical tensions from Eurasian security discussions, Trump's election impact on Japanese stocks, EU's tech regulatory actions, tentative Hamas-Israel ceasefire, continuity in Mexican policies, Toronto's housing market rise, Boeing's Starliner issues, SpaceX's ISS deorbit contract, Indian IT companies' earnings, Malaysian tech stocks upgrade, Philippine inflation easing, Eli Lilly's Alzheimer's drug approval, US housing mark
Recent developments include Labour's landslide UK election victory, geopolitical tensions from Eurasian security discussions, Trump's election impact on Japanese stocks, EU's tech regulatory actions, tentative Hamas-Israel ceasefire, continuity in Mexican policies, Toronto's housing market rise, Boeing's Starliner issues, SpaceX's ISS deorbit contract, Indian IT companies' earnings, Malaysian tech stocks upgrade, Philippine inflation easing, Eli Lilly's Alzheimer's drug approval, US housing mark
Although the market has responded positively to the prospect of Trump's possible re-election, and the Japanese stock market has shown an upward trend as a result, investors should also remain cautious and pay attention to the long-term impact of the election results on global economic policies and market sentiment. As strategist Tomo Kinoshita pointed out, while short-term market dynamics may be closely related to the election results, ultimately, the fundamentals of companies, economic data, an
On Thursday (July 4th), the US dollar index continued to fall towards the 105 level, ultimately closing 0.179% lower at 105.06, a new low since mid June.
In May, the Reserve Bank of New Zealand (RBNZ) decided to maintain the Official Cash Rate (OCR) at 5.50%. This decision reflects a commitment to keeping monetary policy restrictive to manage inflationary pressures and ensure that inflation returns to the target range of 1-3% by the end of 2024. The latest UK GDP data (MoM) for April 2024 showed that the economy remained flat at 0.0%, following a 0.4% increase in March 2024. This stagnation is attributed to declines in industrial output and...
Investing in stocks is quite similar to placing bets on fighters in different weight classes. Just as boxers compete in divisions based on their weight, companies are categorized by their market capitalization—small-cap, mid-cap, and large-cap ('cap' is the shortened form of 'capitalization').
The UK general election 2024 was held on Thursday, and while the results are yet to be finalized, the Labour Party is poised to win a majority, ending the Conservatives' 14-year rule. The UK's equity market index, FTSE 100, edged higher in the last session, while the Pound Sterling remained steady. The Labour Party is expected to focus more on fiscal policy and economic development through expanding the country's sovereign debt, which may strengthen the Pound Sterling.
Market Review | July 5, 2024
Market Review | July 5, 2024
Market Review | July 4, 2024
William Dudley, the President of the Federal Reserve Bank of New York, stated at the European Central Bank Forum that the neutral interest rate in the United States and the Eurozone has not changed significantly due to the COVID-19 pandemic, while warning that monetary policy should not overly rely on the uncertain estimates of the neutral interest rate. At the same time, recent employment growth in the United States has slowed down, the service industry has contracted, inflation has cooled, and
European trading is subdued due to the U.S. holiday, with the euro benefiting from weak U.S. data. The pound rises ahead of the UK election, supported by market sentiment. ECB President Christine Lagarde's comments on interest rates support the euro. Overall, mixed sentiment prevails with cautious trading expected. Key economic events include Eurozone retail sales, Germany's industrial production, and UK services PMI.
Wall Street saw a notable rally with the Nasdaq and S&P 500 reaching all-time highs, while the Dow Jones lagged.
Recent developments include President Biden's potential re-election reconsideration, Asia-Pacific market highs, PwC's auditing issues in China, potential acquisitions in the energy and retail sectors, geopolitical tensions, and regulatory actions impacting markets. Key impacts include fluctuations in USD, CNY, CAD, TWD, EUR, GBP, and AUD, with significant effects on stock markets across the US, Asia, and Europe.
Recent developments include President Biden's potential re-election reconsideration, Asia-Pacific market highs, PwC's auditing issues in China, potential acquisitions in the energy and retail sectors, geopolitical tensions, and regulatory actions impacting markets. Key impacts include fluctuations in USD, CNY, CAD, TWD, EUR, GBP, and AUD, with significant effects on stock markets across the US, Asia, and Europe.